rbi - performance of private corporates in india in 2013-14
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8/11/2019 Rbi - Performance of Private Corporates in India in 2013-14
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PRESS
RELEASE
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400001_____________________________________________________________________________________________________________________
DEPARTMENT
OF
COMMUNICATION,CentralOffice,S.B.S.Marg,Mumbai400001
/Phone:912222660502/Fax:912222660358
RESERVEBANKOFINDIA
:
www.rbi.org.in/hindi
Website:www.rbi.org.in
email:[email protected]
September 2, 2014
Performance of the Private Corporate Business Sectorduring 2013-14 Data Release
The Reserve Bank of India today released, on its website, the data on theperformance of non-financial private Corporate Business Sector during 2013-14.
The data compiled are based on the abridged financial results of 2,854 listed
non-government non-financial (NGNF) companies. To enable comparison, similardata pertaining to 2012-13 are also presented. Coverage of companies over theyears varies to some extent, depending on date of declaration of results; however,but it is not expected to alter the aggregate position significantly. Explanatory Notescontaining the brief methodology followed for compilation of data and the glossary ofterms are given at the end.
Highlights:
Aggregate sales growth (Y-o-Y) declined in 2013-14 caused by decrease inthe sales growth of manufacturing sector and the services sector (other thanIT). IT sector recovered in 2013-14 showing higher growth in sales.
While the sales growth of large companies (annualised sales more than `10billion) moderated, sales growth of companies with annualised sales between`5-10 billion remained near stagnant and sales of smaller companiescontinued to contract.
Overall expenditure growth declined due to a fall in the growth rates of rawmaterial expenses and staff costs. Earnings before Interest Tax Depreciationand Amortisation (EBITDA) growth declined at the aggregate level.
Y-o-Y growth in interest expenses dropped at the aggregate level and alsoacross sectors. Interest coverage ratio (Earnings before Interest and
Tax/Interest expenses) improved as compared with the previous year. Pricing power as measured by EBITDA margin showed no change at the
aggregate level, declined for the manufacturing sector and services (non-IT)sector and improved to some extent for the IT sector. Net profit marginsremained at similar levels for aggregate level and for the manufacturing andimproved for the services (IT and non-IT) sectors.
An article analysing the performance of the non-financial private CorporateBusiness Sector during 2013-14, along with the evolving trend in sales, expenditureand profit margins of the corporate sector over a longer horizon, is being published inthe October 2014 issue of the RBI Bulletin.
Sangeeta DasPress Release : 2014-2015/450 Director
mailto:[email protected]://rbidocs.rbi.org.in/rdocs/content/docs/IEPR450020914_A.xlshttp://rbidocs.rbi.org.in/rdocs/content/docs/IEPR450020914_A.xlsmailto:[email protected]